An automobile dealer calculates the proportion of new cars sold that have been returned a various numbers
Question:
An automobile dealer calculates the proportion of new cars sold that have been returned a various numbers of times for the correction of defects during the warranty period. The results are shown in the following table.
Number of returns 0 1 2 3 4 Proportion 0.28 0.36 0.23 0.09 0.04
a. Graph the probability distribution function.
b. Calculate and graph the cumulative probability distribution.
c. Find the mean of the number of returns of an automobile for corrections for defects during the warranty period.
d. Find the variance of the number of returns of an automobile for corrections for defects during the warranty period.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Statistics For Business And Economics
ISBN: 9781292436845
10th Global Edition
Authors: Paul Newbold, William Carlson, Betty Thorne
Question Posted: